Found 24 article(s) for author 'Mihir Desai'

Why investors seem skeptical about the ride-hailing business. Mihir Desai, May 10, 2019, Audio, “Uber had its much-anticipated initial public offering Friday — despite losing $1.8 billion over the last 12 months, which makes it the all-time biggest money-losing IPO. The results were less than spectacular: Uber priced its shares toward the low end of estimates at $45 a share. They opened at $42 and closed at $41.55.” Link

Mihir Desai of Harvard on how to build an Indian MNC. Mihir Desai, January 11, 2019, Video, “Mihir Desai, Prof of Finance at Harvard Business School, on what will it take Indian companies to break into the list of most valuable companies globally.” Link

Revisiting the uneasy case for corporate taxation in an uneasy world. Mihir Desai, October 31, 2018, Paper, “Just as the public increasingly wants corporate taxation to serve as a mechanism for ensuring that business contributes to society, the sustainability of corporate taxation is increasingly under challenge by a changing global landscape. This tension between the heightened demands placed on the corporate tax system and its reduced capacity prompts the question: How can an increasingly tenuous fiscal instrument be modified to accommodate rising expectations? In this paper, we address this question by reviewing the empirical evidence on, and conceptual underpinnings of, the corporate tax. We place the taxation of corporations in a wider context that links it to ongoing debates on corporate law and governance and on corporate social responsibility.” Link

Is Retail Dying? Plus, How Are Companies Spending their Tax Cuts? Youngme Moon, Mihir Desai, Felix Oberholzer-Gee, October 24, 2018, Audio, “Youngme Moon, Mihir Desai, and Felix Oberholzer-Gee discuss whether the “retailpocalypse” is real, try to figure out how companies are spending their Trump tax cuts, debate whether share buybacks are a good thing or a bad thing, and offer their picks for the week.” Link

Tax Reform, Round One. Mihir Desai, May-June 2018, Opinion, “The Trump Administration’s successful efforts at tax legislation stand out as the primary achievement of its first year. But the hurried, largely furtive drafting, and rush to passage at the end of 2017, have helped obscure the new tax regime’s real impact. Much of the reporting and debate has focused on the politicking that went into passing the bill, and the purported effect on the federal budget deficit.” Link

Breaking Down the New U.S. Corporate Tax Law. Mihir Desai, December 26, 2017, Audio, “Mihir Desai, a professor of finance at Harvard Business School, breaks down the brand-new U.S. tax law. He says it will affect everything from how corporate assets are financed to how business are structured. He predicts many individuals will lower their tax burdens by setting themselves up as corporations. And he discusses how the law shifts U.S. tax policy toward a territorial system of corporate taxes, one that will affect multinationals and national competitiveness. Finally, Desai explains what he would have done differently with the $1.5 trillion the tax cut is projected to cost.” Link

Mihir Desai explains the Wisdom of Finance. Mihir Desai, December 15, 2017, Audio, “In this episode of Alphachat, Matt Klein talks with Harvard professor Mihir Desai about the deep connections between finance and the humanities. Special thanks to Elisheba Ittoop for help with editing this episode.” Link

Largest Mass. Companies Are Mostly Silent On GOP Tax Plans. Mihir Desai, December 6, 2017, Audio, “Corporations are the cornerstone of both the House and Senate versions of the tax overhaul. Both bills propose deep cuts in the corporate tax rate — from 35 percent to 20 percent. The bills also call for a territorial tax system to replace the current worldwide tax system, in which multinational corporations with headquarters in the United States are required to pay the U.S. tax rate if they want to bring profits back into the country.” Link

Politics Isn’t the Only Barrier to Real Tax Reform. Mihir Desai, November 15, 2017, Opinion, “In the annals of U.S. tax overhauls, 1986 is the modern guidepost. That was when a Republican White House joined forces with a divided Congress to modernize and simplify the U.S. tax code, cutting taxes on most Americans and raising them for some powerful interest groups. It was the last piece of tax legislation to deserve the label “reform.”” Link

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